11900-50 LAKELAND CT, New Orleans, LA 70128
11900-50 LAKELAND CT, New Orleans, LA 70128
11900-50 LAKELAND CT, New Orleans, LA 70128
11900-50 LAKELAND CT, New Orleans, LA 70128
11900-50 LAKELAND CT, New Orleans, LA 70128
11900-50 LAKELAND CT, New Orleans, LA 70128
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Jewel Bakewell

Jewel Bakewell

+1(504) 460-3424
Listed byBridgewater Realty Advisors • Bryce A Danna-Marullo • 504-901-0463
$ 2,450,000
Est. payment | /mo

62 Beds

62 Baths

34,100 SqFt

Save Virtual Tour
$ 2,450,000
Est. payment | /mo
Save Virtual Tour

62 Beds

62 Baths

34,100 SqFt

Key Details

Property Type Other Types

Sub Type Multifamily 5+

Listing Status Active

Purchase Type For Sale

Square Footage 34,100 sqft

Price per Sqft $71

MLS Listing ID 2522884

Style Traditional

Bedrooms 62

Full Baths 31

Half Baths 31

HOA Y/N No

Year Built 1980

Lot Size 1 Sqft

Acres 1.46

Lot Dimensions 1.46

Property Sub-Type Multifamily 5+

Source ROAM MLS

Land Area 34100

Property Description

PRICE REDUCTION! $32,070 per month actual gross rental income! Price reduction! Lakeland Manor is a portfolio of eight (8) adjacent fourplex apartment buildings totaling 31 units, ideally located in a quiet cul-de-sac off Bullard Avenue in New Orleans East all situated within immediate proximity, creating a cohesive and easily managed community. An additional 4plex located at 8017 Bullard next door is also for sale for total of 35 units. Each building is a well-maintained two-story fourplex offering spacious floorplans and consistent rental demand. The layout of the portfolio, clustered around Lakeland Court with frontage on Bullard Avenue, provides operational efficiency for leasing, management, and maintenance. All buildings benefit from strong physical condition and stabilized occupancy with upside potential through rent growth.This portfolio offers a turnkey investment in a stable, income-producing multifamily asset ideally suited for both seasoned multifamily investors seeking a reliable return profile and investors looking to scale quickly in a proven submarket.

Location

State LA

County Orleans

Area 1.46

Interior

Cooling Central Air

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup

Exterior

Parking Features Off Street, Parking Lot, Driveway

Utilities Available Natural Gas Not Available

Garage No

Building

Lot Description Cul-De-Sac

Foundation Slab

Water Public

Architectural Style Traditional

New Construction No

Others

Tax ID per assessor

Security Features Closed Circuit Camera(s)

Virtual Tour https://www.propertypanorama.com/instaview/roam/2522884

ROAM MLS

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Jewel Bakewell
Jewel Bakewell

Broker

+1(504) 460-3424 | jewelbakewell@gmail.com

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11900-50 LAKELAND CT